
Can AARTO make better drivers – and smarter underwriting?
Old Mutual Insure says demerit points could eventually influence underwriting, but only if they prove to be a reliable predictor of insurance risk.

Old Mutual Insure says demerit points could eventually influence underwriting, but only if they prove to be a reliable predictor of insurance risk.

SAIA says international precedent exists, but insurers will need years of reliable data before drawing any conclusions.

The consultation focuses on four insertions dealing with proliferation financing, client risk categorisation, and the operation of systems and controls.

The first Mortality and Morbidity Impact Assessment Framework guides insurers through a structured approach to evaluate long-term climate-driven health risks.

Changes such as joint ventures, investing in infrastructure, and switching to higher-value crops can introduce risks that may not be covered.

Overlooking crucial risk management steps can significantly affect brokers’ liability exposure and their PI insurance coverage.

Business owners who neglect to inform their insurers of changes risk denied claims, policy voidance, and even lawsuits.

The Financial Intelligence Centre’s sector final risk assessment report for crypto asset service providers is set to be published in the new financial year.

The risk assessment reports are intended to help accountable institutions understand their money laundering and terrorism financing risks.